Green Growth Brands Announces Aphria Acquisition Terms – New Cannabis Ventures – New Cannabis Ventures

Green Growth Brands Files Offer to Purchase and Circular for Aphria Inc.; Formal Take-over Bid to Commence on January 23, 2019; Receives Commitment for C$150 Million Equity Investment Formal Offer will commence on January 23, 2019 and will remain open until 5:00 p.m. (Toronto time) on May 9, 2019 Combined Green Growth Brands / Aphria expected to be North America’s preeminent cannabis company Aphria shareholders can tender their shares by contacting Kingsdale Advisors at 1-866-851-3214 or by email at [email protected]

COLUMBUS, Jan. 22, 2019 /CNW/ – Green Growth Brands Inc. (“Green Growth” or the “Company”) (CSE: GGB) today announced that it has filed its Offer to Purchase and Circular and related documents with the applicable securities regulatory authorities in Canada and the United States and will formally commence its offer (the “Offer”) to acquire all of the issued and outstanding common shares (the “Aphria Shares”) of Aphria Inc. (“Aphria”) (TSX: APHA and NYSE: APHA) on Wednesday, January 23, 2019.

The Company also announced that it has entered into a commitment letter (the “Commitment Letter”) with All Js Greenspace LLC (the “Investor”), pursuant to which the Investor has agreed, subject to the terms and conditions set forth in the Commitment Letter, to subscribe for and purchase up to $150 million of Green Growth shares (the “Commitment”) as a backstop to the Company’s previously announced intention to complete a $300 million equity financing in connection with the completion of the Offer.

About the Offer

The Offer provides Aphria shareholders with 1.5714 common shares of Green Growth (the “Green Growth Shares”) for each Aphria Share (the “Offer Consideration”), including Aphria Shares that may become issued and outstanding after the date hereof but prior to 5:00 p.m. (Toronto time) on May 9, 2019 (the “Expiry Time”) upon the exercise, conversion or exchange

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